East energy resource EER has to be the cheapest thermal coal resource on the ASX.
Noble cornerstone investor and Noble executive sitting on the board of EER;
MDLa will be submitted once resource is upgraded to indicated category;
JORC indicated resource will more than likely exceed 1bt, plus the infered resource - 2bt likely(plus northern portion of tenement to go) !
Majority of resource only 12m below surface, making it one of cheapest mining operation!
Calibre rail designing rail options, same mob designing hancock's rail;
close ties with Hancock coal and in discussion to use there rail;
At the end of this month over $6m in the bank, enough for feasibility on the project;
Lincs sale of carmicheal tenement values EER's Blackall tenement at over $400m
This stock has huge potential
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East energy resource EER has to be the cheapest thermal coal...
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